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3504 Flint Street

Berkadia Secures $71.26 Million Refinance For KISCO Senior Living In Greensboro North Carolina
FINANCEDSenior Housing

Berkadia Secures $71.26 Million Refinance For KISCO Senior Living In Greensboro North Carolina

3504 Flint Street

$71,260,000

Building Size

Asset Type

Senior Housing

Closing

Nov 21, 2024

AI

The asset involved in this transaction is a senior housing facility located at 3504 Flint Street, Greensboro, NC. The property is operated by KISCO Senior Living and has undergone refinancing totaling $71,260,000.

Summary of transaction details:

Berkadia facilitated the refinancing for Abbotswood at Irving Park, representing KISCO Senior Living in this transaction. The brokers involved played a crucial role in securing the financing for this senior living community.

Players

Austin Sacco

Berkadia

Broker

$454.5M

vol

9 deals

Broker
CBRE
CBREBrokerage

Greensboro Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93